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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Post by Franman184on Nov 18, 2022 7:16am
216 Views
Post# 35109534

less than two months to possible negative energy inflation

less than two months to possible negative energy inflationShould the current price of crude stay in the $80 range for the next few months then the year over year pricing will show a drop in crude pricing starting mid January 2023. I myself would be happy with $80 plus crude as the floor going forward and so should shareholders of Canadian oil and gas companies. With the new found disipline in the oil patch for not increasing drilling and return FCF back to shareholders the industry has crawled out from under the thumb of the banks. GLTA for the next 2 to 5 years.
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